2009
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Saudi could raise capacity to 15m barrels
Saudi Arabia could raise its oil production capacity to 15 million barrels a day. That would be... Read full article »
Abu Dhabi to buy MAN Ferrostaal stake
The Abu Dhabi government-owned International Petroleum Investment Company is to buy a controlling... Read full article »
Oil price falls below $40
US crude for February delivery fell $2.21 to $39.49 on Friday while London Brent crude was down $... Read full article »
Dana Gas targets 76% rise in output
UAE-based Dana Gas said it plans to increase total production by 76% or 68,000 barrels of oil... Read full article »
Nama Chemicals gets $56m loan
Saudi-based Nama Chemicals said it has received a $56m loan from the Saudi Industrial Development... Read full article »
Aramco raises official price
Saudi Aramco, the world's largest state-owned oil company, raised the official selling prices for... Read full article »
Saudi Arabia finds new oil, gas fields
Saudi Arabia said it has discovered five new oilfields and three gasfields in the Eastern... Read full article »
Oil price rises to $48
Oil prices rose sharply Monday as the Israeli-Palestinian conflict heightened and Iran said OPEC... Read full article »
Aramco announces price hike
Saudi state oil firm Aramco has announced that the country will raise its official selling price... Read full article »
Saudi Kayan secures SR2bn loan
Saudi Kayan Petrochemical Company has secured a SR2bn loan from the Saudi Industrial Development... Read full article »
Chinese engineers start Iraqi field work
Following the signing of a $3bn contract, Chinese oil engineers have begun work on developing a... Read full article »
Oil price drops to $44
US light, sweet crude fell $0.40 to $44.20 a barrel on Friday, reversing part of Wednesday's $5.... Read full article »
